LuLu*s Fashion Lounge Receives Investment from H.I.G. Growth Partners

LuLu*s Fashion Lounge, a Chico, CA-based e-commerce retailer of young women’s apparel, shoes and accessories, received a strategic investment from H.I.G. Growth Partners.

The amount of the transaction was not disclosed. As part of the deal, John Kim and Evan Karp from H.I.G. Growth Partners will join the LuLu*s Board of Directors along with Shelley Nandkeolyar, who brings over 20 years of experience that span both apparel and direct-to-consumer e-commerce.

The investment will provide the company with the capital and strategic resources necessary to grow the LuLu*s brand.

Co-founded in 1996 by Colleen Winter and Debra Cannon, LuLu*s is an online style destination that curares a unique product assortment that includes the LuLu*s label, new designers and favorite go-to brands.

FinSMEs

17/08/2014

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